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GOURMET KINEYA, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 12% Decrease
9850 GOURMET KINEYA CO.,LTD. 【J-GAAP】
Earnings ReportGOURMET KINEYA CO.,LTD. <9850> [TSE Prime] announced its financial results after the market closed on February 12th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 28.6% from the same period last year to 0.94 billion yen.
In addition, the full-year forecast for consolidated ordinary profit has decreased 18.0%, from the previous forecast of 1.00 billion yen to 0.82 billion yen (compared to 0.93 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 12.5% decrease in profit.
Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) has decreased 24.2%, from the previous forecast of 0.74 billion yen to 0.56 billion yen (compared to 0.36 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 2.1 times to 55.5%.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 0.69 billion yen, an 8.3% decrease compared to the same period last year. The operating profit margin worsened from 6.1% in the same period last year to 5.0%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 28,149 | 588 | 550 | 1,056 | 46.2 | 145.5 | Feb 13, 2024 | J-GAAP |
| Apr - Dec, 2024 | 32,472 | 1,287 | 1,330 | 813 | 35.6 | 141.9 | Feb 13, 2025 | J-GAAP |
| Apr - Dec, 2025 | 34,421 | 853 | 949 | 481 | 21.0 | 115.7 | Feb 12, 2026 | J-GAAP |
| YoY | +6.0% | -33.7% | -28.6% | -40.8% | -40.9% |
Guidance Update
Second Half Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2025 Prev | 21,027 | 860 | 743 | 565 | 24.7 | 7 | Nov 12, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 22,627 | 520 | 563 | 325 | 14.2 | 7 | Feb 12, 2026 | J-GAAP |
| Revision Rate | +7.6% | -39.5% | -24.2% | -42.5% | -42.5% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 42,500 | 1,070 | 1,000 | 600 | 26.2 | 7 | May 13, 2025 | J-GAAP |
| Mar, 2026 New | 44,100 | 730 | 820 | 360 | 15.7 | 7 | Feb 12, 2026 | J-GAAP |
| Revision Rate | +3.8% | -31.8% | -18.0% | -40.0% | -40.0% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 21,951 | 411 | 362 | 308 | 13.5 | 7 | May 13, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 22,627 | 520 | 563 | 325 | 14.2 | 7 | Feb 12, 2026 | J-GAAP |
| YoY | +3.1% | +26.5% | +55.5% | +5.5% | +5.5% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 37,033 | 422 | 378 | 1,096 | 47.9 | 6 | May 14, 2024 | J-GAAP |
| Mar, 2025 | 42,072 | 947 | 937 | 649 | 28.4 | 7 | May 13, 2025 | J-GAAP |
| Mar, 2026 Guidance | 44,100 | 730 | 820 | 360 | 15.7 | 7 | Feb 12, 2026 | J-GAAP |
| YoY | +4.8% | -22.9% | -12.5% | -44.5% | -44.5% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 12,351 | 751 | 755 | 472 | 20.7 | 6.1 | Feb 13, 2025 | J-GAAP |
| Jan - Mar, 2025 | 9,600 | -340 | -393 | -164 | -7.2 | -3.5 | May 13, 2025 | J-GAAP |
| Apr - Jun, 2025 | 10,461 | -106 | -82 | -141 | -6.2 | -1.0 | Aug 12, 2025 | J-GAAP |
| Jul - Sep, 2025 | 11,012 | 316 | 339 | 176 | 7.8 | 2.9 | Nov 12, 2025 | J-GAAP |
| Oct - Dec, 2025 | 12,948 | 643 | 692 | 446 | 19.5 | 5.0 | Feb 12, 2026 | J-GAAP |
| YoY | +4.8% | -14.4% | -8.3% | -5.5% | -5.6% |
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